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Swansea Will Go Down 35%


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#1 Killer Bunny

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Posted 03 June 2008 - 12:55 PM

South Wales Evening Post

HPC mentioned in i/v with Financial Planner

Kay Byrne - is she an HPCer I wonder?

Anyone know her?

Also the web version: Online and reader comments. :lol: :angry:

fp
In 1931 they did not know yet that they were in The Great Depression
Cap'n, you cannae change the laws of... Economics!
"If they raise rates we're toast. If they don't its BECAUSE we're toast" Pundit: Sky News March 2011
"That which is unsustainable will not sustain" Milton Friedman

#2 The Masked Tulip

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Posted 03 June 2008 - 01:19 PM

South Wales Evening Post

HPC mentioned in i/v with Financial Planner

Kay Byrne - is she an HPCer I wonder?

Anyone know her?

Also the web version: Online and reader comments. :lol: :angry:

fp



This will be a shock to thousands of house sellers in Swansea today. The Post has a large circulation and many will be alarmed by its frank reporting of the market.

Having local EAs state that offers WELL UNDER asking prices are being accepted will panic a great many who continue to expect London prices for Swansea housing.

Boy, Swansea house sellers have a financial tsunami heading their way!
The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intention of your actions and by the strength you faced the challenges that have stood in your way.

The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.


The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.

#3 Nicholas Cage

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Posted 03 June 2008 - 01:54 PM

The comments are odd compared to every other newspaper article about house prices, steve worried about EAs closing?, doom mongers responsible for any falls ?

#4 yokel

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Posted 03 June 2008 - 04:53 PM

Teenage Yokel is, as I type this, learning all about Swansea's regeneration - Maritime Village etc - ready for geography GCSE tomorrow. She also knows the proportion of single parents in the Swansea suburbs which is useful knowledge to have :unsure:

Perhaps I'll print off the newspaper article and tell her that things are changing fast in Swansea. I expect the examiners will be grateful for a more up to date answer.

Had a double take at the side headline that `Swans are closing in on Spanish pair' - even the birds are hard in Swansea.

#5 The Masked Tulip

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Posted 03 June 2008 - 06:09 PM

The article is excellent, comprises one full page and is the major story in the paper tonight.

The Editorial also features the story.
The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intention of your actions and by the strength you faced the challenges that have stood in your way.

The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.


The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.

#6 Not Long Now

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Posted 03 June 2008 - 06:57 PM

Had a double take at the side headline that `Swans are closing in on Spanish pair' - even the birds are hard in Swansea.


....that would to replace the pair comprising of a Dutchman, and greedy fat scouser that has gone to Leeds.

#7 Dave Dribble 2

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Posted 03 June 2008 - 07:04 PM

Great article.

Shame they didn't mention that Swansea property prices fell a lot during the first quarter of the year.

20% for terraced properties.
8% for detached properties.

http://news.bbc.co.u...ml/county90.stm


I've just posted a comment on their website pointing this out.
You never know maybe they'll refer to it in a future article!

Edited by Dave Dribble 2, 03 June 2008 - 07:04 PM.


#8 Oliver Sutton

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Posted 03 June 2008 - 10:47 PM

and greedy fat scouser that has gone to Leeds.


We got rid of one last year. Didn't do us any harm.

#9 Ferret

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Posted 03 June 2008 - 11:30 PM

Who says so? Property expert Jonathan Davis.


We have a Property Expert on HPC, well I never. :blink:
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#10 Not Long Now

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Posted 04 June 2008 - 10:25 AM

We got rid of one last year. Didn't do us any harm.


...true..

#11 Killer Bunny

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Posted 04 June 2008 - 05:50 PM

We have a Property Expert on HPC, well I never. :blink:

Pls clarify.
In 1931 they did not know yet that they were in The Great Depression
Cap'n, you cannae change the laws of... Economics!
"If they raise rates we're toast. If they don't its BECAUSE we're toast" Pundit: Sky News March 2011
"That which is unsustainable will not sustain" Milton Friedman

#12 redwing

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Posted 04 June 2008 - 09:54 PM

Pls clarify.


I'd say we've got close to 15,000 property experts on HPC now. If you add in the lurkers and ocassional visitors, we've probably got hundreds of thousands of better (or marginally better) informed property experts than, say, The Times.

#13 Not Long Now

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Posted 06 June 2008 - 03:10 PM

This was posted eleswhere on here today, but is relevant to Swansea:
http://news.bbc.co.u...les/7439306.stm

#14 The Masked Tulip

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Posted 06 June 2008 - 07:56 PM

Noticed that the Evening Post today has a separate rental supplement - appears there are now so many people trying to rent their properties in Swansea that it needs it own supplement. Funny that!

Perhaps there is a glut of rental properties? Perhaps there is a glut of people who cannot sell their houses so are hoping to sell.

Nine months ago when I began renting rentals were snapped up the same day they became available. Now, like the two by me, they appear to sit empty for weeks on end.
The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intention of your actions and by the strength you faced the challenges that have stood in your way.

The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.


The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.

#15 Not Long Now

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Posted 06 June 2008 - 08:27 PM

Noticed that the Evening Post today has a separate rental supplement - appears there are now so many people trying to rent their properties in Swansea that it needs it own supplement. Funny that!

Perhaps there is a glut of rental properties? Perhaps there is a glut of people who cannot sell their houses so are hoping to sell.

Nine months ago when I began renting rentals were snapped up the same day they became available. Now, like the two by me, they appear to sit empty for weeks on end.


....I'm not too surprised.

Similar in Birmingham: EA's are targeting rentals to survive.

Rental prices aren't going up though....inspite of what the media want us to believe.

I wonder how long it will be before people realise that there isn't a shortage of physical housing stock in the UK.




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